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GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 9 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the changes in the Company’s goodwill and core deposit intangible assets for the years ended December 31:


		Year Ended December 31,
		2021						2020						2019
					Core Deposit						Core Deposit						Core Deposit
		Goodwill			Intangible			Goodwill			Intangible			Goodwill			Intangible

		(dollars in thousands)
Beginning balance		$	23,620		$	2,798		$	23,620		$	4,030		$	23,620		$	5,453
Additions			5,702			199			—			—			—			—
Amortization			—			(1,054)			—			(1,232)			—			(1,423)
Ending balance		$	29,322		$	1,943		$	23,620		$	2,798		$	23,620		$	4,030
Accumulated amortization		$	—		$	19,974		$	—		$	18,920		$	—		$	17,688

Amortization of core deposit intangible assets for the years subsequent to December 31, 2021 is expected to be as follows (dollars in thousands):


Year ended December 31,
2022		$	873
2023			353
2024			337
2025			275
2026			20
Thereafter			85
Total		$	1,943